Pilkington HQ sold to local investor

2015-03-19Other news

Alexandra Business Park, St Helens, UK, is being acquired by an investment start-up called Pheasant Equities. Pilkington, part of Nippon Sheet Glass, partly occupies the park but is preparing to withdraw when the sale completes.

Pheasant Equities has exchanged contracts to buy Alexandra Business Park from glassmaker Pilkington

Investment start-up Pheasant Equities has exchanged contracts to buy Alexandra Business Park in St Helens from the town's iconic glassmaker Pilkington.Pilkington, which was acquired in 2006 by Tokyo-based Nippon Sheet Glass, partly occupies the park but is understood to be readying itself to withdraw when the sale completes. The park's business premises, including a 12-storey tower and three-storey blocks, are now largely occupied by other companies.Incorporated in April 2014, Pheasant Equities has one shareholder and director, Eileen James, from St Helens. Adonis Michael, a property consultant lawyer who used to work for DWF in Liverpool, is advising Pheasant Equities.Notices have been posted around the business park alerting tenants to the exchange of contracts to sell Alexandra Business Park. The completion date is set for 1 June 2015.